Mismanaged States Will Withhold Tax Refunds. . . .

According to Van Helsing at moonbattery.com:

Don't hold your breath waiting for a refund on your state income tax:

Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.

[Moonbat-infested] New York, hit with a $9 billion deficit, may delay $500 million in refunds to keep the state from running out of cash, says Gov. David Paterson. …

[Equally moonbat-infested] California's massive budget shortfall of more than $20 billion last year prompted it not only to delay tax refunds but to issue billions of dollars in IOUs to vendors and others who were owed money.

However, the Land of Fruits and Nuts will reportedly be able to return refunds on time this year, probably because the state has been seizing an extra 10% of every paycheck.

In a recent report, the budget officers group and the National Governors Association said state fiscal conditions "have continued to worsen," and that state revenues can be expected to lag one to three years behind a national recovery from recession.

Meanwhile, the federal kakistocracy has just rammed through a healthcare bill that will impose crippling costs on already cash-strapped states.

The country was steered into an iceberg in November 2008. Now it's going down.